patrick.net
An Antidote to Corporate Media
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14
Patrick
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2018 Sep 3, 5:25pm
Patrick
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2018 Sep 3, 5:25pm
lostand confused says
GM hasn't been as low as 15 for as long as I can see on Yahoo Finance (since 2010 at least).
It's currently at 36.
one of my friends has bene in GE for ever and lost a ton of money-finally got out at 15
GM hasn't been as low as 15 for as long as I can see on Yahoo Finance (since 2010 at least).
It's currently at 36.
15
WookieMan
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2018 Sep 4, 8:54am
WookieMan
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2018 Sep 4, 8:54am
lostand confused says
For sure. It's not a great strategy for long term wealth, but you can hit the grand slam once in a while.
I can't talk about users, but there is/are a couple users here that tend to bash a pick that other users here make. They'll wait until the stock has hit a bump in the road or crash and say that the pick was shit. Yet ignore certain time frames of massive gains, where the user that made the pick may have sold. It's garbage behavior. Not you, but some here need to make a pick or STFU commenting on threads where someone has made a pick.
Stock picks aren't all going to be winners like you said, but shitting on someone when they lose money is human garbage behavior. (again, not saying you're shitting on others for picks since I quoted you).
One or two stocks making geat gains and boasting about it is fun-but consistent over decades is difficult.
For sure. It's not a great strategy for long term wealth, but you can hit the grand slam once in a while.
I can't talk about users, but there is/are a couple users here that tend to bash a pick that other users here make. They'll wait until the stock has hit a bump in the road or crash and say that the pick was shit. Yet ignore certain time frames of massive gains, where the user that made the pick may have sold. It's garbage behavior. Not you, but some here need to make a pick or STFU commenting on threads where someone has made a pick.
Stock picks aren't all going to be winners like you said, but shitting on someone when they lose money is human garbage behavior. (again, not saying you're shitting on others for picks since I quoted you).
16
lostand confused
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2018 Sep 4, 9:44am
lostand confused
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2018 Sep 4, 9:44am
Patrick says
GE not GM :)
lostand confused saysone of my friends has bene in GE for ever and lost a ton of money-finally got out at 15
GM hasn't been as low as 15 for as long as I can see on Yahoo Finance (since 2010 at least).
It's currently at 36.
GE not GM :)
18
WookieMan
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2018 Sep 4, 9:48am
WookieMan
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2018 Sep 4, 9:48am
Aphroman says
There's a site I found that sounds similar. Makes you register, so I'd use a burner account for registration if people are interested.
I've set up a contest that's ready to go, but don't want to waste the time if people won't play. I know someone that won't.
Here's the link. If a few people register I'll create a thread here for this on it's own to try and get more people. But don't want to sink much time into this for 2 or 3 interested people. I think 25 people is the max for free.
https://www.howthemarketworks.com/register/127550
Wookie, I’m pretty sure there’s website that host stock market competition for free. I remember doing something like that back in high school. Computers were in their infancy, and stocks traded by 1/8’s fractions instead of .01 and .001 pennies and portions of pennies
That would take all the work out of tracking picks here.
The only problem might be if the competition sites confine you to the Daq and NYSE or if it includes OTC and foriegn ADR’s
There's a site I found that sounds similar. Makes you register, so I'd use a burner account for registration if people are interested.
I've set up a contest that's ready to go, but don't want to waste the time if people won't play. I know someone that won't.
Here's the link. If a few people register I'll create a thread here for this on it's own to try and get more people. But don't want to sink much time into this for 2 or 3 interested people. I think 25 people is the max for free.
https://www.howthemarketworks.com/register/127550
19
lostand confused
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2018 Sep 4, 9:51am
lostand confused
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2018 Sep 4, 9:51am
WookieMan says
Yup. I don't -I have made massive mistakes, lost everything and then some when I was very, very aggressive in the run up tot he dot com crash and the follow up. Reason evaporated and it was like some primal instinct took over and I was so sure, no matter how much I was losing.
Basically what I am saying is I discovered I don't have the disclipine for short term trades-just me. I get in, get out and then I lose my mind and my losses pile up. Some people do. I tried many things-even meditation, but when things don't go my way instead of agreeing the market, i ried to fight it and lost!.
The long term strategy works for me. I didn't even start long term, I bought them and decided I didn't want to play these stocks-going in, jumping out, jumping back in. I just stayed put and surprise, surprise, I made more money then I ever have. I still keep some money aside-but just haven't learn to control and be sane short term.
For others it is different-so to each his own.
They'll wait until the stock has hit a bump in the road or crash and say that the pick was shit. Yet ignore certain time frames of massive gains, where the user that made the pick may have sold. It's garbage behavior. Not you, but some here need to make a pick or STFU commenting on threads where someone has made a pick.
Yup. I don't -I have made massive mistakes, lost everything and then some when I was very, very aggressive in the run up tot he dot com crash and the follow up. Reason evaporated and it was like some primal instinct took over and I was so sure, no matter how much I was losing.
Basically what I am saying is I discovered I don't have the disclipine for short term trades-just me. I get in, get out and then I lose my mind and my losses pile up. Some people do. I tried many things-even meditation, but when things don't go my way instead of agreeing the market, i ried to fight it and lost!.
The long term strategy works for me. I didn't even start long term, I bought them and decided I didn't want to play these stocks-going in, jumping out, jumping back in. I just stayed put and surprise, surprise, I made more money then I ever have. I still keep some money aside-but just haven't learn to control and be sane short term.
For others it is different-so to each his own.
« First « Previous Comments 13 - 21 of 21 Search these comments
Now what's the deal and what I'm getting at. For simplicity sake, we're picking stocks for pure appreciation/growth. The time frame is short. 9/10, which is a Monday. So opening price that morning is your starting point. And the opening price Wed, Jan 2nd, 2019 is the end. So we're talking a couple of months.
There will be a winner that gets nothing, frankly. The loser though is either blocked for a month (if Patrick can do that or wants to) or they can have integrity and will ban themselves for a month. Picks are due by 9/10 opening bell.
Anyone game to play?